[ Act No. 3903, November 17, 1931 ]
AN ACT AUTHORIZING THE DIRECTOR OF LANDS TO SELL TO THE ORIGINAL PURCHASER, WITHOUT NECESSITY FOR A PUBLIC AUCTION, LOTS OF FRIAR LANDS SOLD BY THE GOVERNMENT AND REACQUIRED BY THE SAME ON ACCOUNT OF FAILURE TO COMPLY WITH THE CONDITIONS OF PURCHASE ON PART OF THE PURCHASER.
Be it enacted by the Senate and House of Representatives of the Philippines in
Legislature assembled and by the authority of the same:
Section 1. Whenever the purchaser of any lot of friar lands fails to pay part of the purchase price of such land and as a result of such failure, the Director of Lands brings suit against said purchaser for the recovery of what he owes to the Government, and pursuant to the decision rendered in the proceedings, the interest of the purchaser in said land is sold at public auction and is acquired by the Director of Lands, in behalf of the Government, said Director of Lands, with the approval of the Secretary of Agriculture and Natural Resources, may, on application by the interested party, make a contract for the sale of said lot to the original purchaser, without necessity of a public auction, at the price fixed for the original sale, plus accrued interest, crediting the purchaser with any sum previously paid on account of said land.1aшphi1
Section 2. Within one year after the approval of this Act, any person whose interest in any friar land has been sold and purchased by the Government as specified in section one hereof, may apply to the Director of Lands for the benefits of said section, provided such person is qualified under existing law to acquire public land and the Director of Lands has not yet disposed of the land to others.
Section 3. All acts or parts of acts inconsistent herewith are hereby repealed.
Section 4. This Act shall take effect on its approval.
Approved, November 17, 1931.
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